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IANAL, but it seems to me that Facebook from 20ish years ago would likely be fine under this ruling; it just showed you stuff that people you have marked as friends post. However, if Facebook wants to specifically pick things to surface, that's where potential liability is involved.

The alleged activity in this lawsuit was TikTok either knew or should have known that it was targeting content to minors that contained challenges that was likely to result in harm if repeated. That goes well beyond simple moderation, and is even something that various social media companies have argued in court is speech made by the companies.



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